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Wells Fargo’s $2 Billion Hit Points To Long Road Ahead In Legal Saga

by Gina Heeb | Oct 20, 2022

Legal and regulatory expenses delivered a surprisingly steep blow to Wells Fargo & Co. in the third quarter, the latest sign that issues like its 2016 account fraud scandal could loom large over its bottom line for longer than Wall Street had expected. The...

Wells Fargo To Pay $145 Million To Settle Retirement Plan Investigation

by Gina Heeb | Oct 9, 2022

Wells Fargo & Co. agreed to pay roughly $145 million to settle a lawsuit over government allegations that the bank’s retirement plan overpaid for company stock, the U.S. Labor Department said Monday. Under the settlement agreement, the third-largest U.S. bank by...
In reversal, Wall Street eyes bank stocks as recession-resistant investments

In reversal, Wall Street eyes bank stocks as recession-resistant investments

by Gina Heeb | Sep 20, 2022

Think banks and downturns don’t go well together? Think again. Wall Street analysts and investors are challenging the longstanding view that U.S. bank stocks move in lockstep with economic growth, arguing that high interest rates and regulatory changes over the past...

Stocks Rise In Volatile Session As Investors Parse Rate Outlook

by Gina Heeb | Sep 9, 2022

U.S. stocks ended a choppy trading session slightly higher Thursday as investors mulled fresh signs that central banks around the world would take increasingly aggressive steps to tame inflation. The S&P 500 climbed 0.66% to 4,006.18. The Nasdaq Composite and the...

Investment Journal

Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.
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